The Government of Canada has announced a federal investment of $1 million to support Core Design Ltd., an Alberta-based manufacturer, in adapting to shifting global trade conditions and expanding into new markets. The investment, delivered through Prairies Economic Development Canada under the Regional Tariff Response Initiative, is intended to help strengthen business resilience, reduce reliance on a single trading partner, and support economic growth in the Prairie region.
The funding will enable Core Design to purchase specialized manufacturing equipment that will double its production capacity for high-performance steel downhole tools and thermal solutions used in the oil and gas sector. With increased capacity, the company will be able to take on larger custom manufacturing projects within Canada while expanding sales into international markets, including South America.
Core Design, like many Canadian manufacturers, has been affected by tariffs imposed by the United States and other markets. In response, the Government of Canada has introduced targeted measures to boost the competitiveness of the domestic steel industry, unlock new demand for Canadian steel, and support manufacturers in diversifying their markets. These measures include broader federal investments aimed at strengthening the steel and lumber sectors and ensuring Canadian producers can grow and compete domestically.
By supporting companies that are investing in new capacity and market diversification, the initiative aims to reinforce supply chains, enhance economic security, and create local employment opportunities. The investment in Core Design is expected to lead to the creation of 15 new jobs and demonstrates the government’s commitment to helping Prairie businesses adapt to new trade realities while contributing to long-term economic resilience.
